Energy Efficient Mortgages (EEM)

It pays to be “Green” with an Energy Efficient Mortgage (EEM) because it allows CA FHA borrowers the opportunity to finance energy conservation improvements into the home loan:

Add the lesser of 5% of the value of the property, or 115% of the median area price of a single-family home, or 150% of the conforming Freddie Mac limit to the loan for energy conservation improvements up to $8,000.

No additional income qualifications

100% of improvements financed (no CLTV cap)

Work completed after loan closing

Typical energy improvements include:

Central heating & air conditioning

Dual-pane windows

Increased attic/wall insulation

Energy efficient water heater

If you're looking for more options, the FHA 203(k) rehabilitation loan can help you purchase or refinance your home and finance renovation and rehabilitation projects.